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Historical gold prices: WWI / WWII


BobnotTed

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4 hours ago, BobnotTed said:

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

 

I was looking at the historic gold price at the link above. I noted that the gold price went up in the period immediately from 1929 and also from 2008, which is to be expected.

However, it went down during WWI and WWII. Why did it not increase?

 

Because most countries were selling it... to America. In exchange for supplies and equipment.

http://alternativeinvestmentcoach.com/gold-world-wars/

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5 hours ago, BobnotTed said:

gold price went up in the period immediately from 1929

1933 The US gov forced the public to hand over their gold giving them $20 per troy oz. After they melted the gold into bars they trebled the price of gold, as a result giving the gov more control over the economy. Sneaky.

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4 minutes ago, Xander said:

1933 The US gov forced the public to hand over their gold giving them $20 per troy oz. After they melted the gold into bars they trebled the price of gold, as a result giving the gov more control over the economy. Sneaky.

$22 to $35 per ounce. Gold is now valued by the Fed at $42 per ounce...............

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